PTE Reading Multiple Choice Multiple Answers Set 1

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Welcome to your PTE Multiple Choice Multiple Answers Set 1

Read the passage and answer the following question.


A tax haven is a state, country or territory where certain taxes are levied at a low rate or not at all, which are used by businesses for tax avoidance and tax evasion. Individuals and/or corporate entities can find it attractive to establish shell subsidiaries or move themselves to areas with reduced or nil taxation levels. This creates a situation of tax competition among governments. Different jurisdictions tend to be havens for different types of taxes and for different categories of people and companies. The central feature of a tax haven is that its laws and other measures can be used to evade or avoid the tax laws or regulations of other jurisdictions. A 2012 report from the Tax Justice Network estimated that between USD $21 trillion and $32 trillion is sheltered from taxes in unreported tax havens worldwide.


Tax havens have been criticized because they often result in the accumulation of idle cash that is expensive and inefficient for companies to repatriate. The tax shelter benefits result in a tax incidence disadvantaging the poor. Many tax havens are thought to have connections to fraud, money laundering and terrorism. While investigations of illegal tax haven abuse have been ongoing, especially in light of the 2015 HSBC files revelations, there have been few convictions.


Question – According to the text which of the following is true about a tax haven?










 


Read the passage and answer the following question.




In some countries, “McDrive” locations near highways offer no counter service or seating. In contrast, locations in high-density city neighborhoods often drive-through service. There are also a few locations, located mostlyin downtown districts, that offer Walk-Thru service in place of Drive-Thru.




To accommodate the current trend for high quality coffee and the popularity of coffee shops in general, McDonald’s introduced McCafe, a cafe-style accompaniment to McDonald’s restaurants in the style of Starbucks. McCafe is a concept created by McDonald’s Australia (colloquially known as “Maccas”), starting with Melbourne in 1993. Today, most McDonald’s in Australia have McCafés located within the existing McDonald’s restaurant. In Tasmania, there are McCafes in every store, with the rest of the states quickly following suit. After upgrading to the new McCafe look and feel, some Australian stores have noticed up to a 60% increase in sales. At the end of 2003 there were over 600 McCafes worldwide.




Some locations are connected to gas stations/convenience stores, while others called McExpress have limited seating and/or menu or may be located in a shopping mall. Other McDonald’s are located in Walmart tores. McStop is a location targeted at truckers and travelers which may have services found at truck stops. Since 1997, one koyher McDonald’s has been located in the Abasto mall, in Buenos Aires, Argentina. This is in addition to many kosher branches in lsrael.




Question – What are some of the things that you can expect from McDonald’s in different parts of the world?




 

Read the passage and answer the following question.




During the Ming Dynasty, what is now the city of Shanghai was a part of Jiangsu Province (with a small partin zhejiang Province). While Shanghai had become a county seat in the Yuan Dynasty, it remained relatively a small town.




Its location at the mouth of the Yangtze led to its development as coastal trade developed during the reign of the Qianlong emperor in the Qing Dynasty. Gradually, the port of Shanghai surpassed the port of Ningbo and the port of Guangzhou to became the largest port of China at the time.




In 1842, Shanghai became a treaty port, thus developing into an international commercial city. By the early 20th century, it was the largest city in the Far East, and the largest port in the Far East.




In 1949, with the Communist takeover in Shanghai, overseas trade was cut dramatically. The economic policy of the People’s Republic had a crippling effect on Shanghai’s infrastructure and capital development.




In 1991, the central government allowed Shanghai to initiate economic reform. Since then, the port of Shanghai has developed at an increasing pace. By 2005, the Yangshan deep water port was built on the Yangshan islands, a group of islands in Hangzhou Bay, linked to Shanghai by the Donghai Bridge. This development allowed the port to overcome shallow water conditions in its current location, and to rival another deep-water port, the nearby Ningbo-Zhoushan port.




Question – Which of the following are described in this passage?


 


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Saya Khimta
An alumni of Auckland House School, Shimla (Himachal Pradesh), I am a post graduate from Panjab University, Chandigarh. Currently, the owner of Saya Educationals, an English Language training institute located in the tricity and appreciated for being a good PTE/ IELTS trainer.

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